Abstract
We sketch a visionary strategy for Europe in which full employment is quickly regained, where income inequality is reduced and the economies are more sustainable. We name this scenario "vibrant." It is contrasted with what would happen if present policies continue within the European Union (EU) and its member states. In the vibrant scenario, full employment is regained by more policy attention toward innovation and its underlying research and development (R&D), accompanied by more labor mobility within and between EU countries, in combination with a selective immigration policy based on labor market shortages. The road to full employment is embedded in a landscape with less income inequality and more "greening" of EU member states' economies. More trade can be compatible with this scenario. We translate the vibrant scenario into policy proposals distinguishing between the role for the EU and that of the member states.
| Original language | English |
|---|---|
| Title of host publication | A Second Chance for Europe |
| Subtitle of host publication | Economic, Political and Legal Perspectives of the European Union |
| Editors | Jo Ritzen |
| Publisher | Springer |
| Pages | 59-112 |
| Number of pages | 54 |
| ISBN (Print) | 9783319577234 |
| DOIs | |
| Publication status | Published - 2017 |
JEL classifications
- e20 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
- d63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- o15 - "Economic Development: Human Resources; Human Development; Income Distribution; Migration"